Why Is FLOKI’s Price Pumping? Major Exchange Listing Today Hints at All-Time High

The price of FLOKI has continued to break resistances, reaching new highs for the last two weeks. The price broke out of a descending trendline (the first orange circle) a few days ago.

Following this, it spiked and broke another resistance level (the second orange circle), which then became support. This provided the necessary strength to spike higher and break another resistance (the third orange circle).

This level is also established as support, as the price is experiencing a spike from this level.

The FLOKI price has seen some increase today, but it is currently retracing and trying to test the confirmed support. If this support holds, we expect the price to continue its rally.

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Coinbase to List FLOKI Today: Could Spike Price to All-Time High

The excitement surrounding FLOKI is further amplified by the announcement from Coinbase. The platform will begin supporting FLOKI on the Ethereum network, specifically as an ERC-20 token.

Users are advised not to send FLOKI over other networks to avoid potential loss of funds. Trading is set to commence on or after 9 AM PT on November 21, 2024, contingent upon meeting liquidity conditions. Once there is sufficient supply, trading on the FLOKI-USD pair will roll out in phases, though availability may vary by jurisdiction.

Coinbase will add support for FLOKI (FLOKI) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.

— Coinbase Assets (@CoinbaseAssets) November 20, 2024

The listing on Coinbase is expected to have a significant impact on FLOKI’s price, potentially propelling it to an all-time high. Tier 1 exchange listings typically enhance a token’s visibility and accessibility, which can attract both retail and institutional investors.

As FLOKI approaches its all-time high, the anticipated trust generated by the Coinbase listing could provide the impetus needed for a substantial price spike in the near future.

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